Starting to see Sports models on displays

[malnik]

Spotted a polar Explorer II this morning on display at AD in Taipei.

[DCheeta]

It’s happening

[enjoythemusic]

Originally Posted by DCheeta

It’s happening

[rambo99]

all exhibition models?

[SS Oyster]

What is the point of this post? I don't understand what you are saying. My AD has been putting a lot of professional models on display; they are called Exhibition Models.

[wcl884]

Originally Posted by SS Oyster

What is the point of this post? I don't understand what you are saying. My AD has been putting a lot of professional models on display; they are called Exhibition Models.

I hope OP meant these are on display for sale and NOT display only model.

The AD closest to me had actual working watches on display but not for sale. So OP statement could really go either way.

[MrMikee]

My AD has had sports watches on display for forever.. you can’t buy anything though. Daytona’s, GMT’s everything. No change in my opinion

[Benzsiam]

Originally Posted by malnik

Spotted a polar Explorer II this morning on display at AD in Taipei.

Display for sale or for exhibition only, you need to be clear.

[brandrea]

Did you inquire about it?

[Podmornica]

The SA at AD are going through the waiting lists much faster than a year ago and they need to call much more people before they sell them a Datejust or a Sub.

Eventually they will run out of the names to call as 99% of those on the lists are flippers who are vanishing as we speak now that they have realized there are no more grey dealers next door who will pay them $18K for a Pepsi ..

[omar-rye]

Originally Posted by Podmornica

The SA at AD are going through the waiting lists much faster than a year ago and they need to call much more people before they sell them a Datejust or a Sub.

Eventually they will run out of the names to call as 99% of those on the lists are flippers who are vanishing as we speak now that they have realized there are no more grey dealers next door who will pay them $18K for a Pepsi ..

and then you woke up

[Podmornica]

Originally Posted by omar-rye

and then you woke up

Time for you to wake up as well and get out of the Underground .. Try offering a BLRO to a grey dealer and tell me how that goes .. Out of 10, half will ignore, 3 will low ball you and 2 will only accept the consignment .. Not much of a flipping potential anymore ..

[huncho]

Originally Posted by Podmornica

Time for you to wake up as well and get out of the Underground .. Try offering a BLRO to a grey dealer and tell me how that goes .. Out of 10, half will ignore, 3 will low ball you and 2 will only accept the consignment .. Not much of a flipping potential anymore ..

as of a week ago they were going for around $17k whole sale in dealer groups according to the thread going in another section here. retail is 11.5k with tax, that's still a 50% flip for doing nothing. if you remember back in 2019 they were like 13k and still impossible to get from ADs, granted retail was a bit less. until these watches start going for retail+tax there's still gonna be fake waitlists

[RyanJ]

Originally Posted by huncho

as of a week ago they were going for around $17k whole sale in dealer groups according to the thread going in another section here. retail is 11.5k with tax, that's still a 50% flip for doing nothing. if you remember back in 2019 they were like 13k and still impossible to get from ADs, granted retail was a bit less. until these watches start going for retail+tax there's still gonna be fake waitlists

No doubt the existing watches are still trying to be sold for 17k but what the secondary market is going to offer a flipper for their watch is far far less then that.

The secondary market has a big glut of watches they still need to sell. Not saying they will sell them cheap but they are definitely not buying from people for nearly as much as they used to be.

Now, if buyers would stop paying these prices then we would see a big decline in price. People blame flippers but the people who pay over MSRP are really who keep these high prices going. I mean I totally get it so not criticizing people who want what they want. The AD games get annoying.

[Cloudchaser]

Originally Posted by Podmornica

Time for you to wake up as well and get out of the Underground .. Try offering a BLRO to a grey dealer and tell me how that goes .. Out of 10, half will ignore, 3 will low ball you and 2 will only accept the consignment .. Not much of a flipping potential anymore ..

Funny...I only called one broker. $18k. All wrapped up in less than 24 hours. Flipping is still very much alive; don't fool yourself.

[eijiboy]

Originally Posted by Cloudchaser

Funny...I only called one broker. $18k. All wrapped up in less than 24 hours. Flipping is still very much alive; don't fool yourself.

who is that broker? and when wasa this? He bought it at grey price

[Rolexatlast]

Originally Posted by Cloudchaser

Funny...I only called one broker. $18k. All wrapped up in less than 24 hours. Flipping is still very much alive; don't fool yourself.

Would the average punter looking to flip a GMT have access to such a broker who would give them grey market price? Seems unlikely.

Anyway, GMT are depreciating at around £1000 per month at the moment. You could get a really smart car for that sort of money.

A serious loss for anyone, especially for a grey dealer holding a lot of stock.

[Oystersteel92]

Originally Posted by Podmornica

The SA at AD are going through the waiting lists much faster than a year ago and they need to call much more people before they sell them a Datejust or a Sub.

Eventually they will run out of the names to call as 99% of those on the lists are flippers who are vanishing as we speak now that they have realized there are no more grey dealers next door who will pay them $18K for a Pepsi ..

That's how it will happen. Though I think at first ADs will be very reluctant to put out product for just anyone to "walk in" and buy. It will be a matter of cash flow in the new year as there is probably some value in keeping a watch in the vault for awhile and see if a known customer with history (any history) makes an inquiry. That's exactly what happened with my latest acquisition. It was not out for general sale but it was available to me, and I'm certainly no whale in terms of spend. Two previous Rolexes and a little bit of jewelry for the Mrs.

[dannyp]

Originally Posted by Oystersteel92

That's how it will happen. Though I think at first ADs will be very reluctant to put out product for just anyone to "walk in" and buy. It will be a matter of cash flow in the new year as there is probably some value in keeping a watch in the vault for awhile and see if a known customer with history (any history) makes an inquiry. That's exactly what happened with my latest acquisition. It was not out for general sale but it was available to me, and I'm certainly no whale in terms of spend. Two previous Rolexes and a little bit of jewelry for the Mrs.

They may not go back in the case for a long time. First, we will see the ADs willing to sell to anyone but still creating a sense of scarcity, with a lot more next-day “guess what just came in?!?!” calls to potential buyers who walked in on a lark. Make them feel special. Rolex will be how new customer relationships begin, as opposed to being loyalty/spend awards.

[Swiftneck]

Originally Posted by Oystersteel92

That's how it will happen. Though I think at first ADs will be very reluctant to put out product for just anyone to "walk in" and buy. It will be a matter of cash flow in the new year as there is probably some value in keeping a watch in the vault for awhile and see if a known customer with history (any history) makes an inquiry. That's exactly what happened with my latest acquisition. It was not out for general sale but it was available to me, and I'm certainly no whale in terms of spend. Two previous Rolexes and a little bit of jewelry for the Mrs.

THIS

i experienced exaltly the same. They will try to keep the game going for a while, but exp II, Sea-Dwellers are no longer all spoken for, and sometime actually for sale even though they sit in cases as "display only"

But of course they will try to sell you a PM, or orther less in demand pieces first. And if they have doubt about you flipping it, they will let it sit a bit longer.

They are also starting to take names for a SS Sub from unknown custormers, so for sure it´s loosing up, even though it´s of cource different from AD to AD. Some AD´s still have more demand than supply.

You will already be able to get more or less all PM models within 6 month, with exeption of a few special dial models.

[Calatrava r]

Originally Posted by Podmornica

The SA at AD are going through the waiting lists much faster than a year ago and they need to call much more people before they sell them a Datejust or a Sub.

Eventually they will run out of the names to call as 99% of those on the lists are flippers who are vanishing as we speak now that they have realized there are no more grey dealers next door who will pay them $18K for a Pepsi ..

The problem is not "flippers" largely a notion of the internet, but the modern Rolex buyer who is now a "collector" and seeks to own every configuration of every sports SS model Rolex makes. It wasn't long ago people who loved the brand bought one watch for life and were happy. Now every avid new customer aspires to own at least ten watches. We have numerous threads about how many is enough, etc. No way Rolex or any other watch company can satisfy that much concentrated demand.

[SudiYunus]

Originally Posted by Calatrava r

The problem is not "flippers" largely a notion of the internet, but the modern Rolex buyer who is now a "collector" and seeks to own every configuration of every sports SS model Rolex makes. It wasn't long ago people who loved the brand bought one watch for life and were happy. Now every avid new customer aspires to own at least ten watches. We have numerous threads about how many is enough, etc. No way Rolex or any other watch company can satisfy that much concentrated demand.

[TheWatchmen]

Originally Posted by Calatrava r

The problem is not "flippers" largely a notion of the internet, but the modern Rolex buyer who is now a "collector" and seeks to own every configuration of every sports SS model Rolex makes. It wasn't long ago people who loved the brand bought one watch for life and were happy. Now every avid new customer aspires to own at least ten watches. We have numerous threads about how many is enough, etc. No way Rolex or any other watch company can satisfy that much concentrated demand.

Bing bing bing

[Crown & Shield]

Originally Posted by Calatrava r

The problem is not "flippers" largely a notion of the internet, but the modern Rolex buyer who is now a "collector" and seeks to own every configuration of every sports SS model Rolex makes. It wasn't long ago people who loved the brand bought one watch for life and were happy. Now every avid new customer aspires to own at least ten watches. We have numerous threads about how many is enough, etc. No way Rolex or any other watch company can satisfy that much concentrated demand.

Right on

[onyourbikes]

Originally Posted by Calatrava r

The problem is not "flippers" largely a notion of the internet, but the modern Rolex buyer who is now a "collector" and seeks to own every configuration of every sports SS model Rolex makes. It wasn't long ago people who loved the brand bought one watch for life and were happy. Now every avid new customer aspires to own at least ten watches. We have numerous threads about how many is enough, etc. No way Rolex or any other watch company can satisfy that much concentrated demand.

How do you explain that the grey market has an estimated 2 million new in the box rolex watches in inventory?
That's about 2 years worth of production.
I'd say 2 years worth of production being sat on by speculators is a problem for supply to people who just want to wear a nice watch.

[rmwill]

Fever dream

Originally Posted by Podmornica

The SA at AD are going through the waiting lists much faster than a year ago and they need to call much more people before they sell them a Datejust or a Sub.

Eventually they will run out of the names to call as 99% of those on the lists are flippers who are vanishing as we speak now that they have realized there are no more grey dealers next door who will pay them $18K for a Pepsi ..

[Bizcut1]

Originally Posted by Podmornica

The SA at AD are going through the waiting lists much faster than a year ago and they need to call much more people before they sell them a Datejust or a Sub.

Eventually they will run out of the names to call as 99% of those on the lists are flippers who are vanishing as we speak now that they have realized there are no more grey dealers next door who will pay them $18K for a Pepsi ..

Fantasy. Speculation. See "William Goldman" in the dictionary.

[jb335]

Originally Posted by Bizcut1

Fantasy. Speculation. See "William Goldman" in the dictionary.

Inconceivable?

[amh]

Originally Posted by malnik

Spotted a polar Explorer II this morning on display at AD in Taipei.

The only way to know for sure is to whip out your credit card and ask to buy it.

So did you?

[H25B]

Rubber meets the road after the new year, then we’ll see.